MAG Silver Corp. (TSE:MAG) Receives C$21.17 Consensus PT from Analysts

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$21.50.

Several brokerages recently issued reports on MAG. TD Securities raised their target price on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday. Stifel Nicolaus lifted their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th.

MAG Silver Stock Up 6.6 %

Shares of MAG stock opened at C$23.15 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$23.38. The firm has a market capitalization of C$2.39 billion, a PE ratio of 29.30, a P/E/G ratio of 0.84 and a beta of 1.14. The stock’s 50-day simple moving average is C$18.83 and its 200-day simple moving average is C$17.77.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. Equities analysts expect that MAG Silver will post 1.2235023 earnings per share for the current year.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.